Nigerian Exchange Equity Market Records 33% Turnover Decline Amid Economic Uncertainties

The Nigerian Exchange (NGX) equity market saw a 33% decline in turnover for the week ending August 29, 2025, with a total turnover of billion shares valued at billion. Despite the decrease, the Financial Services Industry maintained dominance, accounting for the largest share of total equity turnover.

Industry experts attribute this to high liquidity in the banking sector due to the ongoing banking recapitalization program. The bond market, on the other hand, experienced an increase in trading activity.

This shift in market dynamics reflects investor sentiment and economic uncertainties. The market is being closely watched for signs of stability amidst fluctuating macroeconomic variables.